v3.26.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current    
Cash and cash equivalents $ 8,756,585 $ 8,203,842
Restricted cash 925,004 925,004
Accounts receivable:    
Trade, net of allowance of $445,523 and $1,327,808, respectively 7,848,970 5,113,157
Other receivables 5,243,931 5,451,697
Other current assets 1,179,498 373,399
Total current assets 23,953,988 20,067,099
Capitalized production costs, net 520,338 594,763
Employee receivable 1,196,085 1,007,418
Right-of-use assets 3,012,941 4,738,997
Goodwill 21,507,944 21,507,944
Intangible assets, net 7,898,607 10,189,026
Property, equipment and leasehold improvements, net 50,961 114,011
Other long-term assets 189,296 218,021
Total Assets 58,330,160 58,437,279
LIABILITIES    
Accounts payable 3,096,715 2,344,272
Term loans, current portion 1,813,760 1,686,018
Revolving line of credit 400,000 400,000
Notes payable, current portion 3,500,000 3,750,000
Convertible notes payable, current portion 1,250,000
Contingent consideration 486,000
Accrued interest – related party 2,043,087 1,857,986
Accrued compensation – related party 2,625,000 2,625,000
Lease liabilities, current portion 1,912,482 1,919,672
Deferred revenue 794,177 341,153
Other current liabilities 11,096,820 11,104,036
Total current liabilities 28,532,041 26,514,137
Noncurrent    
Term loans, noncurrent portion 2,976,930 4,782,271
Notes payable, noncurrent portion 4,580,000 3,130,000
Convertible notes payable 6,460,000 5,100,000
Convertible notes payable– related party 2,904,357
Convertible notes payable at fair value 270,000 320,000
Loans from related party 983,112 3,225,985
Lease liabilities 1,469,386 3,306,033
Deferred tax liability 463,909 394,547
Other noncurrent liabilities 18,915
Total Liabilities 48,639,735 46,791,888
STOCKHOLDERS’ EQUITY    
Preferred Stock, Series C, $0.001 par value, 50,000 shares authorized, 50,000 shares issued and outstanding at December 31, 2025 and 2024 1,000 1,000
Common stock, $0.015 par value, 200,000,000 shares authorized, 12,221,432 and 11,162,026 shares issued and outstanding at December 31, 2025 and 2024, respectively 183,321 166,688
Additional paid in capital 158,809,301 157,692,132
Accumulated deficit (149,303,197) (146,214,429)
Total Stockholders’ Equity 9,690,425 11,645,391
Total Liabilities and Stockholders’ Equity $ 58,330,160 $ 58,437,279